May 9, 2014 / 11:35 AM / in 4 years

Royal Caribbean orders fourth Oasis, world's biggest cruise ship

OSLO, May 9 (Reuters) - Royal Caribbean, the world’s second-largest cruise operator, has ordered its fourth Oasis-class vessel, the world’s biggest cruise ship, increasing its capital spending plans by $1.8 billion.

South Korea’s STX, which has built two of the 225,300 tonne vessels for Royal Caribbean and is working on a third, will build the new ship as well, the firm said in a statement on Friday.

With 16 decks and more than 2,700 passenger rooms, Oasis-class vessels can accommodate 6,300 passengers and almost 2,400 crew.

The firm did not disclose the vessel’s price but analysts estimate that its previous Oasis-class ships cost around $1.4 billion each. Royal Caribbean also said it now sees capital expenditure of $6.8 billion through 2018, up from an earlier guidance for $5 billion through 2017.

Royal Caribbean last month raised its earnings guidance on a strong rise in bookings, in a signal that the global cruise industry is slowly recovering from several lean years.

The vessel will be built by STX France, 66.6 percent-owned by STX and 33.3 percent by the French state.

The first two Oasis-class ships were built in Turku, Finland while the third vessel, two tonnes bigger than its sisters, is being built in Saint-Nazaire, France. It is scheduled for delivery in mid-2016. (Reporting by Balazs Koranyi; editing by Susan Thomas)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below